Commodities
Stock Market Surges as Middle East Tensions Ease
The stock market is experiencing a boost due to easing tensions in the Middle East.
Crude oil prices have plummeted by over -6%, causing inflation expectations to decrease, and subsequently supporting stocks. The S&P 500 Index has reached a 2-week high, while the Dow Jones Industrial Average has posted a 3.5-week high.
New York Fed President John Williams expressed dovish comments, stating that interest rates remain well-positioned, and inflation should ease in the second half of the year.